This act provides for a bond issue of five hundred million dollars
($500,000,000) to provide farm and home aid for California
veterans. Fiscal Impact: Costs of about $858 million over 25 years
(average cost of about $34 million per year); costs paid by
participating veterans.

Allows legislative members to participate in the Public Employees’
Retirement System plans in which a majority of state employees
may participate. Fiscal Impact: Annual state costs under $1 million
to provide retirement benefits to legislators, with these costs
replacing other spending from the fixed annual amount provided in
support of the Legislature.

Limits campaign contributions and loans to state candidates and
political parties. Provides voluntary spending limits; expands public
disclosure requirements and increases penalties. Fiscal Impact:
Additional net costs to the state, potentially up to several million
dollars annually, and unknown but probably not significant costs to
local government.

Amends Constitution eliminating existing restrictions on state, local
contracting with private entities for engineering, architectural
services; contracts awarded by competitive selection; bidding
permitted, not required. Fiscal Impact: Unknown impact on state
spending for architectural and engineering services and
construction project delivery. Actual impact will depend on how the
state uses the contracting flexibility under the proposition.

Requires probation and drug treatment, not incarceration, for
possession, use, transportation of controlled substances and similar
parole violations, except sale or manufacture. Authorizes dismissal
of charges after completion of treatment. Fiscal Impact: Net annual
savings of $100 million to $150 million to the state and about $40
million to local governments. Potential avoidance of one-time
capital outlay costs to the state of $450 million to $550 million.

Requires two-thirds vote of State Legislature, majority or two-thirds of
local electorate to impose future state, local fees on activity to study
or mitigate its environmental, societal or economic effects. Defines such
fees as taxes except property, development, certain other fees. Fiscal
Impact: Unknown, potentially significant, reduction in future state and
local government revenues from making it more difficult to approve
certain regulatory charges.

Authorizes annual state payments of at least $4000 per pupil for
private/religious schools. Permits replacement of current
constitutional public school funding formula. Fiscal Impact: Near-term
state costs from zero to $1.1 billion annually. Long-term state
impact from $2 billion in annual costs to $3 billion in annual
savings, depending on how many public school students shift to
private schools.

Authorizes bonds for repair, construction or replacement of school
facilities, classrooms, if approved by 55% local vote. Fiscal Impact:
Increased bond debt for many school districts. Long-term costs
statewide could total in the hundreds of millions of dollars annually.
Potential longer-term state savings to the extent school districts
assume greater responsibility for funding school facilities.